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Energy

World biggest importer Japan to invest in LNG terminals across Asia

Government to expand funding to downstream infrastructure projects

An LNG carrier off the coast of Japan. Demand for the fuel is growing throughout Asia..   © Reuters

TOKYO -- Japan will support the construction of liquefied natural gas terminals across Asia, aiming to take a leading presence in the expanding market before its position as world's largest buyer is overtaken by China in the near future.

Japan currently supports companies involved in LNG projects through investment and loan guarantees via a government-backed natural resource company -- Japan Oil, Gas and Metals National Corp., or Jogmec.

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